Membranes Market Size, Share | Global Industry Report, 2027

Posted By : niteshvhaval on 2022-05-25   16:22:11    India
  Membranes Market


The Global Membranes Market exhibiting a CAGR of 5.74% during the forecast period, 2020-2027 & projected to reach USD 10,021.47 million by 2027

The global membranes market size is anticipated to be affected by their increasing usage in pharmaceutical and biomedical industry. They help in lowering the concentration of effluent stream, as well as in recovering significant substrate or intermediate. This information is given by Fortune Business Insights™ in a recently published report, titled, “Membranes Market Size, Share & Industry Analysis, By Technology (RO/FO, UF, NF, MF, and Others), By Applications (Water & wastewater treatment, Food & beverage, Gas separation and Others) and Regional Forecast, 2019-2027.”

The report further mentions that the membranes market forecast was USD 6,899.65 million in 2019 and is projected to reach USD 10,021.47 million by 2027, thereby exhibiting a CAGR of 5.74% during the forecast period.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Highlights of the Report:

·        In-depth information about the challenges, opportunities, and market trends.

·        Elaborate details regarding the growth drivers and obstacles that the market may come across during the forthcoming years.

·        List of the crucial factors impacting the market in every region.

·        Extensive analysis of the latest bets for the market.

Drivers & Restraints-

Rising Environmental Concerns to Accelerate Growth

Rapid industrialization and urbanization, especially in the developing countries is resulting in water pollution. Therefore, the strain on water resources is surging. The governments and regulatory bodies of several countries are implementing stringent norms and laws regarding industry discharge to control water pollution. The increasing environmental concerns have thus, compelled large portion of the industries to adopt membrane-based technology for curbing the level and severity of pollutants in their discharge streams. They are presently trying to comply with the regulations. Membranes play a vital role in providing zero liquid discharge (ZLD). It is helping the industries in lowering the environmental impact. However, fouled membrane can have harmful effects on its operations. This factor may obstruct the membranes market growth during the forthcoming years.


Water & Wastewater Treatment Segment to Grow Rapidly Backed by Evolution of Technology

Based on application, the market is divided into gas separation, food & beverage, water & wastewater treatment, and others. Amongst these, the water & wastewater treatment segment held 45.9%membranes market share in 2019. Membranes were mainly developed owing to the sole purpose of water & wastewater treatment. Later, as the technology evolved, they found their application in a wide range of industries consisting of biomedical, pharmaceutical, and food & beverage. The emergence of membrane purification technologies has proved to be promising by meeting the urgent need for portable water.

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